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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

FLAW flɔ

Verb

  • a problem or defect with something, especially a plan.
Example Sentence: The plan was flawed because of the lack of funds.
 

EXPLOIT ɛksplɔɪt

Verb

  • use to your benefit.
Example Sentence: The country's resources are not being fully exploited.
 

BENEFICIARY bɛnəˈfɪʃiˌɛri

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

BANKER’S DRAFT bæŋkərs dræft

Noun

  • a written promise from a bank to pay money, especially to another bank.
Example Sentence: We require a banker's draft to secure the deal.
 

APPOINT əˈpɔɪnt

Verb

  • to officially give somebody a job, task or responsibility.
Example Sentence: He was appointed as head of the investigation.
 

ALLIANCE əˈlaɪəns

Noun

  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.
 

SUM SOMETHING UP  

Phrasal Verb

  • to summarise something; to outline the main points.
Example Sentence: Can we sum up what was said in the meeting.
 

ACQUISITION ækwəˈzɪʃən

Noun

  • the process of getting or buying something, especially another business
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

OFFHAND ɔfˈhænd

Adverb

  • without preparation and without thinking about something.
Example Sentence: He couldn't tell me offhand whether the item in question is tradeable or not. He promised to check the details and then get back to me.
 

ANNUAL GENERAL MEETING  

Noun

  • one of the most important meetings of the shareholders of a company or the members of an organization, where they discuss results of the past year, make decisions about future plans, discuss budget etc.
Example Sentence: I hope they will accept my report at the AGM next week – I've been working on it for quite a while and it may have an effect on my promotion prospects.
 

TO SOW THE SEEDS  

Phrase

  • to start a process etc that is going to have a certain result.
Example Sentence: Capital inflows could sow the seeds of a new renaissance.
 

TO CEDE sid

Verb

  • to give rights, some land, an area, a part of something to another person/company/country etc, usually unwillingly.
Example Sentence: In 1664 New Amsterdam was ceded to the British.
 

TO STICK TO THE POINT  

Phrase

  • to continue with a topic without changing it or digressing from it.
Example Sentence: Could you please stick to the point? We've been listening to you for long minutes now and you still haven't explained your real reasons.
 

FORECAST fɔrˌkæst

Noun

  • prediction; a statement concerning the future of something (e.g. a market segment, a product, exchange rates).
Example Sentence: The agency issued a gloomy forecast about the future of the sector.
 

TO REVIVE rɪˈvaɪv

Verb

  • to make something strong and healthy again after a difficult period.
Example Sentence: Policy makers have been struggling to revive the economy and experts say the right measures have been introduced to this end.
 
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